At the recent OECD Inclusive Framework meeting held from 25-27 January in Paris, Malaysia announced its intention to participate in the inclusive framework for global implementation of the BEPS (Base Erosion and Profit Shifting) action plan as a BEPS associate.
In statements following the announcement, the Malaysian Ministry of Finance commented that the decision to participate as a BEPS associate is in line with Malaysia’s intention to move forward to be on equal footing with the OECD countries, and to have a direct influence in shaping international tax rules to tackle BEPS issues.
Other countries within the Asia-Pacific that have also signed up as a BEPS associate under the inclusive framework include Singapore, Hong Kong and Indonesia.
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